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Jan 24, 2013
01/13
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the ntsb is participating in many of those activities. we are evaluating potential scenarios with the systems, failure modes, we are gathering factual information to support and rebut different scenarios. we are also reviewing manufacturing records for potential issues or trends. and we are gathering information that was collected in recent supplier audits. so there's a tremendous amount of work going on all around the world. we actually have two shifts of employees. both here and in japan who really are working around the clock to try to solve this. we're going to talk a little bit more about the batteries. >> we are getting out of the ntsb pressures. you heard very highly technical about the battery. a thermal runway as the headlines cross we will continue to bring them to you on cnbc. but we also have another big press conference moments away. the president introducing a new head of the sec. let's go now and get a preview of what the president is likely to say with john har way john? >> the president will announce mary jo white as head
the ntsb is participating in many of those activities. we are evaluating potential scenarios with the systems, failure modes, we are gathering factual information to support and rebut different scenarios. we are also reviewing manufacturing records for potential issues or trends. and we are gathering information that was collected in recent supplier audits. so there's a tremendous amount of work going on all around the world. we actually have two shifts of employees. both here and in japan who...
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Jan 22, 2013
01/13
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the ntsb with boeing investigators out in everett, washington, where they make the dreamliner. they have hundreds of employees at boeing in everett working on the 878 problem, and they are in teams trying to do what you would want to do here, do a test. try to figure out if there's some common theme here. and finally in japan, japanese investigators, along with investigators from the ntsb, they are looking at the battery from the ana dreamliner, the ntsb said that battery was ore charged, different than what was said about boston taking a look at boeing since the incident on boston on january 7th. still more questions than dreamliners. >> you know the ceo of the company has to be saying what's next? >> so tough. >> the badly named dreamliner has been a nightmare for him and his company over the years. phil, stay with us now. let get more now on the boeing fallout. a maintaining of the outperform radar saying all of this will be a blip. >> the supply chain companies that they deal with, a bullish outlook. why are you still bullish when we don't know how long this plane is going
the ntsb with boeing investigators out in everett, washington, where they make the dreamliner. they have hundreds of employees at boeing in everett working on the 878 problem, and they are in teams trying to do what you would want to do here, do a test. try to figure out if there's some common theme here. and finally in japan, japanese investigators, along with investigators from the ntsb, they are looking at the battery from the ana dreamliner, the ntsb said that battery was ore charged,...
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Jan 16, 2013
01/13
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the ntsb has an investigator there. today, the ntsb issues a cursecy report about what is happening with the emergency landing saying the crew received multiple messages in the cockpit concerning the battery and other systems that were affected, also reported smoke in the cockpit and odor in the cabin. the the limb ylithium ion batteries are made by a japanese company. there was an incident at logan airport. the stock is down 9% since then as they look into what is going on with the lithium ion batte batteries. finally, weighing in, we heard from goldman sachs. now s&p downgrading boeing shares to a hold that the concern here that ultimately you could see passengers declining to take a potential flight because it's being flown by a 787. we haven't heard that happening yet. and the airlines are sticking with it. with the exception of the airlines grounding it the last couple of days. that's the concern at least from s&p. >> there are nervous flyers out there. they would probably ask that question at check-in. thanks, phi
the ntsb has an investigator there. today, the ntsb issues a cursecy report about what is happening with the emergency landing saying the crew received multiple messages in the cockpit concerning the battery and other systems that were affected, also reported smoke in the cockpit and odor in the cabin. the the limb ylithium ion batteries are made by a japanese company. there was an incident at logan airport. the stock is down 9% since then as they look into what is going on with the lithium ion...
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Jan 22, 2013
01/13
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are they working with the ntsb? a lot of it is centered around the everett factory, where the dreamliner is built they are out there doing tests, working in teams. i'm told it's hundreds of employees working on this 787 problem. they're not in one central location, but spread out throughout the boeing facility. boeing is tapping a number of areas for expertise. as for the ceo, he is involved frequently in the updates going on within the company. he's taking part in daily meetings on the latest findings. this is the biggest test of his ten year and ceo of boeing. what are we seeing in terms of the investigations involving government agencies? investigators are talking with suppliers, some in japan, some in arizona and england. there are suppliers around the world. the jtsb and ntsb are pursuing two different theories. as you look at shares of boeing which are under pressure, the jtsb says the ana plane did receive an overcharge, the battery. the ntsb in boston says, no, that didn't happen. there was not an overcharge
are they working with the ntsb? a lot of it is centered around the everett factory, where the dreamliner is built they are out there doing tests, working in teams. i'm told it's hundreds of employees working on this 787 problem. they're not in one central location, but spread out throughout the boeing facility. boeing is tapping a number of areas for expertise. as for the ceo, he is involved frequently in the updates going on within the company. he's taking part in daily meetings on the latest...
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Jan 9, 2013
01/13
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this is a picture of ntsb as they are investigating. the batteries provided bay japanese firm. they are also assisting in the investigation. i don't think everybody fully understands what we are talking about the complexity of the supply chain when it comes to manufacturing the dream liner. there are kparparts and compone worldwide and they come either in the puj tpuget sound area or in north carolina. a note this morning from sg collin and company saying the jal 787 flight was aborted yesterday because of 40-gallon fuel leak ultimately took off four hours later without incident. this suggested the leak was from faulty maintenance and nothing else. as a result, that note, there are other bullish comments on wall street. what we see from boeing shares today a nice snap back up roughly 3%. down just 1.6% since monday. tyler, this story, again, a lot of headline risk in there. and sue what we hear from beauing is they are comfortable with what they see from the dream liner, still investigating the fire but over all with reliability of the plane at this stage of manufacturing. sue?
this is a picture of ntsb as they are investigating. the batteries provided bay japanese firm. they are also assisting in the investigation. i don't think everybody fully understands what we are talking about the complexity of the supply chain when it comes to manufacturing the dream liner. there are kparparts and compone worldwide and they come either in the puj tpuget sound area or in north carolina. a note this morning from sg collin and company saying the jal 787 flight was aborted...
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Jan 25, 2013
01/13
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boeing and the ntsb took this battery apart. there's eight cells in each battery. they took every cell apart. they are inspecting every piece of that battery with microscopes. everybody is working hard to try and find out what the problem is. now, it's a big problem. this is a big problem for boeing and it's a big problem for the airlines. >> jonathan, you know, you got, again, this becomes an airplane problem. this is no longer just a public relations problem. besides this battery issue, might have been your notes, you got brake problems and fuel line problems. so this looks like a big mess to me now. you're in the public relations business. what do you think boeing ought to be doing or saying because they are not doing it and saying it. >> well -- >> go ahead, bob. >> go ahead, jonathan. you go ahead. >> again you got it right. it's not a battery problem or a brake problem or that they built these planes partly out of plastic. they have a reputation problem. this plane has been a problem for boeing for a couple of years. when we're told this is part of the growin
boeing and the ntsb took this battery apart. there's eight cells in each battery. they took every cell apart. they are inspecting every piece of that battery with microscopes. everybody is working hard to try and find out what the problem is. now, it's a big problem. this is a big problem for boeing and it's a big problem for the airlines. >> jonathan, you know, you got, again, this becomes an airplane problem. this is no longer just a public relations problem. besides this battery issue,...
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Jan 8, 2013
01/13
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ntsb tells me they expect to have an update on that investigation later today. we were talking with airlines earlier today and they said, listen, dreamliner flights have continued as scheduled. we know there's an issue with the one that was just about to take off from boston. take a look at the number of issues we've seen with the dreamliner over the last month of remember, it was just at the beginning of november that united did the first domestic flight for the dreamliner. highly regarded flight, got a lot of attention. a month later an emergency landing in new orleans after reporting mechanical problems. a few days after that, cutr air had to ground 787 jets due to what they say was a faulty generator. united grounding four due to an electrical planl panel and a fire in boston. there's a lot of headline risk right now. >> they have confirmed it is a 787. i don't know if we still have that live shot available but let's put it up while we talk about this. there you go, logan airport. what do they have to do? they have to do something very quickly. you know this
ntsb tells me they expect to have an update on that investigation later today. we were talking with airlines earlier today and they said, listen, dreamliner flights have continued as scheduled. we know there's an issue with the one that was just about to take off from boston. take a look at the number of issues we've seen with the dreamliner over the last month of remember, it was just at the beginning of november that united did the first domestic flight for the dreamliner. highly regarded...
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Jan 22, 2013
01/13
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the onus is on boeing, the ntsb and faa to get this plane back up. when we didn't have this grounding, it was going to be fly until something happens. now we have sort of stopped this and who knows how long this will take. as ray lahood was saying, we have to be 1,000% sure. i'm not sure that's possible. you have to be 1,000% sure before this is okay. the onus is on testing trying to find a root cause and make sure we know what's going on. >> go over everything with a fine tooth comb. thank you very much neil and phil. >>> still ahead, why honey boo boo is celebrating a big change to atms. >>> and phil mickelson is mad as hell and he won't take it anymore. he says uncle sam is threatening to take 60% of his money. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edg
the onus is on boeing, the ntsb and faa to get this plane back up. when we didn't have this grounding, it was going to be fly until something happens. now we have sort of stopped this and who knows how long this will take. as ray lahood was saying, we have to be 1,000% sure. i'm not sure that's possible. you have to be 1,000% sure before this is okay. the onus is on testing trying to find a root cause and make sure we know what's going on. >> go over everything with a fine tooth comb....
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Jan 16, 2013
01/13
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by the way, boeing, the faa and ntsb, they all have investigators heading to japan to investigate what happened with that emergency landing. meanwhile, other airlines, which have already taken delivery, they are still flying the dreamliner. this is out of poland making its inaugural flight of the 787. right now, as we speak, maria, in a couple hours. it will be touching down here in chicago. despite airlines saying we're still going to fly, it s & p capital iq downgrading shares of boeing on the concern, maria, that eventually we could see some airline customers saying, you know what, putting me on the dreamliner, i'm skipping that flight so that's the latest of what's happening with boeing. maria? >> want to bring in a couple other voices, michael boyd, aviation expert and on the telephone jim hall, former ntsb chairman, now managing director of hall & associates. good to see everybody. thanks for joining us. would you fly a dreamliner right now? mean, knowing what we know, jim hall, would you -- what would you job advice? >> oh, yes, i would fly the aircraft. i think if there are sig
by the way, boeing, the faa and ntsb, they all have investigators heading to japan to investigate what happened with that emergency landing. meanwhile, other airlines, which have already taken delivery, they are still flying the dreamliner. this is out of poland making its inaugural flight of the 787. right now, as we speak, maria, in a couple hours. it will be touching down here in chicago. despite airlines saying we're still going to fly, it s & p capital iq downgrading shares of boeing...
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Jan 30, 2013
01/13
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the ceo said, listen, if i could talk more in-depth i would, but we're restricted because there's a ntsb investigation going on right now. a couple of things stood out in terms of his comments. first of all, cautious optimism that they are making progress in terms of determination exactly what went wrong but also he said they are not changing the dreamliner production schedule. also he says that boeing has not told 787 suppliers to slow down their deliveries. in other words, they are continuing on their plan to ramp up production to ten per month by the end of the year. in terms of the investigation, he says that it is not impacting other boeing programs. in other words, the resources they are putting towards figuring out what went wrong with the two dreamliner batteries, that's not taking resources away from the 737 or other commercial airplane programs, and he says they expect no significant financial impact from the grounding of the dreamliners. >> we do believe that progress is being made in narrowing down the potential cause of the events. we have assigned hundreds of experts from a
the ceo said, listen, if i could talk more in-depth i would, but we're restricted because there's a ntsb investigation going on right now. a couple of things stood out in terms of his comments. first of all, cautious optimism that they are making progress in terms of determination exactly what went wrong but also he said they are not changing the dreamliner production schedule. also he says that boeing has not told 787 suppliers to slow down their deliveries. in other words, they are continuing...
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Jan 9, 2013
01/13
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the ntsb is helping with the investigation. that is the long run, though boeing probably doesn't like it, in the long run it'll spell an additional measure of safety for the plane. additional inspectors are always a good thing. by and large there aren't many federal inspectors on an aircraft. in the long run, it'll be safer. the a-380 in air boss from recent memory, it is hard to know how normal, how normal is it for a new mass produced jet to have these level of problems? >>ity's typical but unfortunately, a lot of them have come in the space of a very new days. on the triple 7, there are problems but unfolded over months. here with the fire it is a dramatic event. this plane does have more fire suppression systems than on older kinds of planes so that's a positive development. but it was just very shocking given so many in a short period of time. >> mary, we have to leave it there. mary, there. a story nearly a year in the making. herb going to take us inside herbalife next. >> tralgd since the summer. what could make the sto
the ntsb is helping with the investigation. that is the long run, though boeing probably doesn't like it, in the long run it'll spell an additional measure of safety for the plane. additional inspectors are always a good thing. by and large there aren't many federal inspectors on an aircraft. in the long run, it'll be safer. the a-380 in air boss from recent memory, it is hard to know how normal, how normal is it for a new mass produced jet to have these level of problems? >>ity's typical...
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Jan 8, 2013
01/13
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don't forget ntsb we expect them to have an initial report regarding that fire sometime this afternoon out of boston. brian, back to you. >> okay. i'll picket up from there. those are a lot of headlines. thanks very much, phil. stick with us. i want to bring in a senior research analyst. he has an outperform rating on boeing. are you thinking of changing that rating? >> no, i think this is a tactical issue. the boston fire issue was really related to an apu, may have been related to the prior electrical systems issues but it's not clear that it is. people are aware of the fuel leak issue. you know, i think these are teething issues, not to minimize them. i think if the ntsb felt that the post fire was a safety of flight issue, they probably would have grounded the fleet. >> what would make you change your rating? what more needs to come out? what new headline needs to come out to make you more concerned about this stock and the company? >> i would say near term i think the stock could be under some pressure. one thing you guys are not talking about, they have a labor negotiation that s
don't forget ntsb we expect them to have an initial report regarding that fire sometime this afternoon out of boston. brian, back to you. >> okay. i'll picket up from there. those are a lot of headlines. thanks very much, phil. stick with us. i want to bring in a senior research analyst. he has an outperform rating on boeing. are you thinking of changing that rating? >> no, i think this is a tactical issue. the boston fire issue was really related to an apu, may have been related to...
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Jan 23, 2013
01/13
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meanwhile, ntsb is testing the lithium ion battery cells in washington, d.c. investigators are running multiple test at multiple locations. some at boeing in seattle, some at washington. they not continuing to peel back the onion looking for more, in terms of what is the cause between the dreamliner incidence. also in washington, there is discussion that u.s. senate is considering hearings to address the history of the 787 dreamliner. the t is in the discussion phase. the house of representatives, says it has no plans to hold hearings regarding the 787 and lij yom ion batteries. you mentioned shares of boeing moving higher. we want to show you eaton, interday. investigators in the uk are looking at fuel involves manufactured by eaton in the 787. there is discussion about what is causing fuel leaks with the graem liner. er with monitoring secretary lahood's speech in washington. he says anything regarding the dreamliner, we will bring it to you. >> thanks, phil. we are monitoring the vote now taking place. the house is now voting on republican's daet limit bill
meanwhile, ntsb is testing the lithium ion battery cells in washington, d.c. investigators are running multiple test at multiple locations. some at boeing in seattle, some at washington. they not continuing to peel back the onion looking for more, in terms of what is the cause between the dreamliner incidence. also in washington, there is discussion that u.s. senate is considering hearings to address the history of the 787 dreamliner. the t is in the discussion phase. the house of...
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Jan 24, 2013
01/13
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regarding the ntsb investigation. here's a couple of notes, first of all, they say the battery short circuited and caught on fire but an important point. they are still trying to determine exactly why these batteries caught on fire. the bottom line, this was so serious they had to ground these planes. >> this is an unprecedented event. we are very concerned. as i mentioned in the very beginning, we do not expect to see fire events on board aircrafts. this is a very serious air safety concern the faa has taken. very serious action. >> and regarding those lithium ion batteries, today we spoke with a former worker and whistleblower. this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >> it wasn't even running and this lithium ion battery just dec
regarding the ntsb investigation. here's a couple of notes, first of all, they say the battery short circuited and caught on fire but an important point. they are still trying to determine exactly why these batteries caught on fire. the bottom line, this was so serious they had to ground these planes. >> this is an unprecedented event. we are very concerned. as i mentioned in the very beginning, we do not expect to see fire events on board aircrafts. this is a very serious air safety...
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Jan 16, 2013
01/13
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the faa, the ntsb and boeing all sending investigators to japan. as i mentioned with regard to this flight, here's what the ntsb just put out in regards to this emergency landing. it says the crew received multiple messages in the cockpit concerning the battery and systems that were affected. also reported smoke in the cockpit and an odor in the cabin. we've been talking about the lithium ion batteries on the dreamliner. they're made by a company out of japan called gs yuasa. down 9% in the last week. look at that chart. that's the indication the pressure gs yuasa is under as they figure out what's going on with the lithium ion batteries. >> phil lebeau in chicago, thanks so much. >>> the question is, is it time to ground the boeing 787 for good? the vice president of the teal group corporation joins us on the phone. good morning to you. >> good morning. >> should this plane be in commercial service right now in the u.s.? >> right now the regulators are doing their jobs. they're looking at the pattern that has emerged of systemic glitches. right no
the faa, the ntsb and boeing all sending investigators to japan. as i mentioned with regard to this flight, here's what the ntsb just put out in regards to this emergency landing. it says the crew received multiple messages in the cockpit concerning the battery and systems that were affected. also reported smoke in the cockpit and an odor in the cabin. we've been talking about the lithium ion batteries on the dreamliner. they're made by a company out of japan called gs yuasa. down 9% in the...
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Jan 30, 2013
01/13
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the ntsb made the request after recently learning of incidents that occurred before the battery fire on an al nippon airways jet at boston's logan airport on january 7. >>> and it replaced batteries on 787 jets ten times after they felt it charged improperly or showed other problems and told boeing about the swaps. the airline has replaced batteries on its dreamliners. boeing reports four-kwourth earnings at 7:30 eastern to see. we'll be talking about this. mr. lebow will have the inside track. >> yes, excited for that. >>> a mixed victory for samsung electronics. this after a u.s. federal court rejected apple's bid to raise $1 billion damages paid by samsung in a patent infringement case. u.s. district court judge lucy coe said samsung did violate several of apple's patents in smartphone and tablet products but said it wasn't willful and threw out the request to hike damages on samsung. she also denied samsung's request for a new trial. this just continues to go back and forth between the companies. >> yeah. that's going to run, isn't it? >>> here's a look at the agenda in asia tomo
the ntsb made the request after recently learning of incidents that occurred before the battery fire on an al nippon airways jet at boston's logan airport on january 7. >>> and it replaced batteries on 787 jets ten times after they felt it charged improperly or showed other problems and told boeing about the swaps. the airline has replaced batteries on its dreamliners. boeing reports four-kwourth earnings at 7:30 eastern to see. we'll be talking about this. mr. lebow will have the...
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Jan 8, 2013
01/13
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. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to provide power to an airplane when it is parked on the tarmac, not while it's in flight so the battery unit, severe fire kagge there, and it's pretty clear, scott and maria, that we are going to see more airlines, if they haven't already, they are going to start checking their wiring on the battery unit. i just spoke with the folks out of ana in japan. they have a number of dreamliners, checked theirs overnight at the urging of the ministry of transportation in j.i just talked with united airlines. it has checked the battery power wiring on all of its dreamliners,
. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to...
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Jan 9, 2013
01/13
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ntsb investigating and responded and the investigation is focused on the battery unit where the fire was centered. officials say that the fire was the more serious unit. and they do not believe that this will ground the dream liner fleet. larry? >> all right. many, many, thanks we appreciate the update. by the way, it is becoming a stock market story. boeing stock shares fell. switching gears now. the debt ceiling may expire as early at february 15th. so, i want to know, if republicans are still embar ked on a government shut down no debt ceiling hike ckamakze mission. if the gop keeps talking about a shutdown and no debt ceiling. this is a mission of the first reign. >> i think it s considering that the white house has said repeatedly including today. that president obama is not willing to negotiate with the debt ceiling at all. but you do have senator mitch mcconnell coming out over the weekend saying that he is not all the way for a government shut down but it might be on the table. you have ted cruz saying that it may lead to less spending and more reform. he credited well welfar
ntsb investigating and responded and the investigation is focused on the battery unit where the fire was centered. officials say that the fire was the more serious unit. and they do not believe that this will ground the dream liner fleet. larry? >> all right. many, many, thanks we appreciate the update. by the way, it is becoming a stock market story. boeing stock shares fell. switching gears now. the debt ceiling may expire as early at february 15th. so, i want to know, if republicans...
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Jan 30, 2013
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is that what caused the failures and all of this is what ntsb is looking in. >> stan greenhaus. is there a possibility there's something beyond the electronics? >> absolutely. they have not ruled out anything. you're looking at the worst situation for boeing they don't know exactly what the problem is and as long as they don't know exactly what the problem is, it's hard to forecast a solution, path for getting out of this. that is really the worst possible situation for boeing. people would say it would be worse if it had catastrophic failures. i understand what you're saying. if you're a manufacturer, you want center artainty and you're getting certainty with understanding exactly what went wrong. >> wilike a car, it has a fire, you stop and jump out of a car. i feel better with a car with a lithion battery than 40,000 place. you don't want it either place. >> what does he use? >> he uses lithion. >> he says it's a different structure how they set it up. >> they say the 747 had huge growing pains. i wish we could look in the future and look back on this. >> don't forget, jim wi
is that what caused the failures and all of this is what ntsb is looking in. >> stan greenhaus. is there a possibility there's something beyond the electronics? >> absolutely. they have not ruled out anything. you're looking at the worst situation for boeing they don't know exactly what the problem is and as long as they don't know exactly what the problem is, it's hard to forecast a solution, path for getting out of this. that is really the worst possible situation for boeing....
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Jan 11, 2013
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. >> the ntsb said, this is af plane, feel confident if you are playing it. at the same time, the faa launched a special review looking at reliability and safety of the 787 dreamliner. it'll be run by the faa. but boeing will be assisting in that review and so will some of the suppliers, no doubt, as they look at electronics and use of lithium ion batteries on the dreamliner. remember a lithium ion battery was traced to be the source of the fire of the 787 that caught on fire while parked at a gate in boston on monday. in 2007 the faa made special rules for the use of lithium ion batteries on airplanes because of flammability can concerns. with all of that said, listen to what the head of the faa and secretary of transportation add to say when asked point blank, is it safe to fly the dreamliner. >> there's nothing that data has said that would suggest this airplane is not safe. >> i believe this plane is safe and i would have absolutely no reservation of boarding one of these planes and taking a flight. these planes are safe tp prs. >> another part of the rev
. >> the ntsb said, this is af plane, feel confident if you are playing it. at the same time, the faa launched a special review looking at reliability and safety of the 787 dreamliner. it'll be run by the faa. but boeing will be assisting in that review and so will some of the suppliers, no doubt, as they look at electronics and use of lithium ion batteries on the dreamliner. remember a lithium ion battery was traced to be the source of the fire of the 787 that caught on fire while parked...
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Jan 23, 2013
01/13
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they are testing lithium ion cells in washington and these investigators for the ntsb and boeing are running tests in multiple locations around the country. and it is clear from listening to comment guys in washington as you look at shares of boeing. it is clear from listening to the secretaries of transportation, they are that close to finding a definitive cause for what happened with the dream liner and clearing it, lifting the grounding from the faa. and time and again they said, when we have something to tell you, we will tell you. guys, we are going on one week now that faa has had a grounding in place for the dreamliner. >> right. and obviously ray loo hood is on the record saying he want to be a thousand percent, not just a hundred, but a thousand percent sure before anything takes off again. he sounded really angry, right? he really sounds annoyed. >> that's his blunt style, mandy. i don't think he want people coming back to him time and again. and he said, listen, when i said it was safe, i believed it was safe. then there was an ins den in the air and that incident in the a
they are testing lithium ion cells in washington and these investigators for the ntsb and boeing are running tests in multiple locations around the country. and it is clear from listening to comment guys in washington as you look at shares of boeing. it is clear from listening to the secretaries of transportation, they are that close to finding a definitive cause for what happened with the dream liner and clearing it, lifting the grounding from the faa. and time and again they said, when we...
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Jan 29, 2013
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. >> reporter: the ntsb releasing an investigate on the battery investigation saying they have moved on from macroscopic investigation to a microscopic investigation. that includes chemical analysis of the areas that short circuited and checking flight data recorders. bottom line, still don't know a cause behind the incidents involving the two dreamliners. we should also point tomorrow morning on "squawk box" we'll be having the boeing fourth-quarter earnings, the first time we'll hear from the ceo since these incidents. sure to be questioned about what happens with the dreamliner tomorrow morning when boeing reports earnings. guys, back to you. >> thanks so much, phil lebeau. the dow jones industrial average 50 points away from 14,000. that 200 points away frommin a all-time high reached back in 2007. if you think that's made marc faber less bearish, you'd be very wrong. despite, that marc is the man behind the gloom, doom and boom report and joins me now to talk markets. good to see you, marc. thanks for joining us. >> my pleasure. thank you for having me. >> so you say regardless
. >> reporter: the ntsb releasing an investigate on the battery investigation saying they have moved on from macroscopic investigation to a microscopic investigation. that includes chemical analysis of the areas that short circuited and checking flight data recorders. bottom line, still don't know a cause behind the incidents involving the two dreamliners. we should also point tomorrow morning on "squawk box" we'll be having the boeing fourth-quarter earnings, the first time...
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Jan 23, 2013
01/13
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by the way, guys, hoping to get some information from the ntsb regarding the status of its investigation perhaps a little later today or tomorrow. back to you. >> very good, phil. thank you very much. i'm reminded of the famous line of ronald reagan. he said the scariest words you've ever heard is i'm from the government and i'm here to help. >> had a lot of good ones. >> he did. >> coming up next, coming right back with the closing countdown. >> and if you think the housing market is the key to the economy, jpmorgan's ceo has good news he's telling maria bartiromo. listen. >> housing has totally bottomed and getting better. you saw today homes for sales coming down there's a short supply in some market and they are all leading indicators. >> what else is jamie bullish on? find out in maria's exclusive interview coming up. >>> if phone calls are the key for apple earnings, will they be strong enough to lift the stock? we'll learn later today. instant analysis and investor reaction to the numbers on the "closing bell." a better placeom, we'd to handle your legal needs. maybe you have ques
by the way, guys, hoping to get some information from the ntsb regarding the status of its investigation perhaps a little later today or tomorrow. back to you. >> very good, phil. thank you very much. i'm reminded of the famous line of ronald reagan. he said the scariest words you've ever heard is i'm from the government and i'm here to help. >> had a lot of good ones. >> he did. >> coming up next, coming right back with the closing countdown. >> and if you think...
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Jan 18, 2013
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. >> meanwhile, in japan today, investigators of the ntsb and faa had a chaps to look that 787, the one that had the emergency landing earlier this week. getting back to the secretary of transportation, mandy and brian, there are a boeing working with the faa could come up with something by early next week. communication continues between boeing and faa but we are aways from the faa signing off and insuring batteries on these play planes are safe. >> thank you. see you next week. >> you too. >> are you there god? it's me. ben bernanke. pimco handing down 10 commandments from the fed. we will get divine intervention from pimco. >> an interview with john mcafee. he has a home here in america an he will be here to tell us where he is and what he's been up to. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some
. >> meanwhile, in japan today, investigators of the ntsb and faa had a chaps to look that 787, the one that had the emergency landing earlier this week. getting back to the secretary of transportation, mandy and brian, there are a boeing working with the faa could come up with something by early next week. communication continues between boeing and faa but we are aways from the faa signing off and insuring batteries on these play planes are safe. >> thank you. see you next week....
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Jan 18, 2013
01/13
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as you mentioned, investigators from the faa and ntsb are in japan. we will have more about that in a little bit. mean while, boeing engineers are working on a solution that would allow tlem to slow the faa, listen, we've got this problem under control. it is time to get the dreamliner back in the air. they are meet og an regular basis but there is no timeframe for when they might be able to get the air worthiness redirected. now with regard to the investigators in japan, visiting the ana plane, it's on the tarmac there. they spent today looking at the plane, looking at the battery, and what they are looking for right now are commonalities between this incident in japan and incident in boston. they are also going over data because these planes are constantly giving back data to the airlines as well as to boeing. based on all of that, that is what they will be looking at it see, okay, what went wrong here. what might be the common problem and finally when you look at this battery, keep this in mind. there is so much attention focused on this battery bu
as you mentioned, investigators from the faa and ntsb are in japan. we will have more about that in a little bit. mean while, boeing engineers are working on a solution that would allow tlem to slow the faa, listen, we've got this problem under control. it is time to get the dreamliner back in the air. they are meet og an regular basis but there is no timeframe for when they might be able to get the air worthiness redirected. now with regard to the investigators in japan, visiting the ana...
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Jan 24, 2013
01/13
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>> ntsb is holding a press conference at 2:30. we will have it during "street signs" and they will talk about the investigation looking into the safety of the lithium ion batteries. it'll be interesting to see if they tell us exactly what they have determined so far. my indication, based on people i have talked with, sue, we are a long ways from them finding a route cause for the problem with the dreamliner and dreamliner batteries. >> phil, thank you so much. >> you bet. >> lockheed martin saying it sees weaker sales in 2013. pentagon's biggest supplier says it assumes congress will avert $500 million in spending cuts known as sequestering. those cuts were scheduled it start kicking in in march, not all at once, however. the stock of lockheed martin down to 3.61 today. rage yum profit down because of lack lust every sales. that will do it to you every time. also expecting lower earnings. rate now, raytheon trading down. general dynamics with a loss forecasting 2013 profits below straight estimates. gen dyn down 73 cents. >>> the
>> ntsb is holding a press conference at 2:30. we will have it during "street signs" and they will talk about the investigation looking into the safety of the lithium ion batteries. it'll be interesting to see if they tell us exactly what they have determined so far. my indication, based on people i have talked with, sue, we are a long ways from them finding a route cause for the problem with the dreamliner and dreamliner batteries. >> phil, thank you so much. >> you...
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Jan 18, 2013
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today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as well as down in charleston, south carolina for the dreamliner, boeing says it's not slowing down production at all, but it is also meeting with the faa to start resuming production flight. as they build these, maria, they have to do a flight when they are done building them, before they can deliver them. they can't do that with this grounding, so that's the first step that boeing wants to clear with the faa. this is a story we'll be following all next week. maria? >> amazing. phil, thanks so much. catch phil's unprecedented access to the plane that was supposed to change the way you fly. "dreamlin
today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as...
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Jan 8, 2013
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the ntsb says the battery suffered severe fire damage. by the way, they sent two more investigators there. we have checked with airlines that fly the dreamliner. many say they have checked the battery and the wiring. boeing also issuing a statement today saying with regards to the fire investigation, nothing that we've seen in this case indicates a relationship to any previous 787 power system events, all of those relating to electrical concerns on the dreamliner. meanwhile, like deja vu in boston, a jal dreamliner suffered a fuel leak on the boston runway losing 40 gallons of jet fuel before it returned to the gate. they fix that had fuel leak t.eventually took off n.december the faa ordered dreamliner fuel lines be properly install. one of those stories where there's a lot of headline risk. shares of bothering over the last two days this. stock has been absolutely pummeled. the market cap fall, $2.7 billion, by the way, dropping two bucks today, another 2.5%, so there is a lot of headline risk out there right now when you look at the dr
the ntsb says the battery suffered severe fire damage. by the way, they sent two more investigators there. we have checked with airlines that fly the dreamliner. many say they have checked the battery and the wiring. boeing also issuing a statement today saying with regards to the fire investigation, nothing that we've seen in this case indicates a relationship to any previous 787 power system events, all of those relating to electrical concerns on the dreamliner. meanwhile, like deja vu in...
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Jan 9, 2013
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. >> this is an investigation with the ntsb going on so stay tuned, so to speak. >> thanks, gentlemen. appreciate it. we'll leave it there and follow this very important story. >> up next, vegas, baby. mobile mania sweeping the consumer electronics show. our tech reporter jon fortt smack dab in the middle of it all. back to sin city live in just a minute. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. when you spend $50 on hp ink. and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that coul
. >> this is an investigation with the ntsb going on so stay tuned, so to speak. >> thanks, gentlemen. appreciate it. we'll leave it there and follow this very important story. >> up next, vegas, baby. mobile mania sweeping the consumer electronics show. our tech reporter jon fortt smack dab in the middle of it all. back to sin city live in just a minute. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas...
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Jan 8, 2013
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the ntsb and boeing, a technical team from boeing, they're investigating the fire on the dreamliner. it was found in a compartment with batteries, and electrical components. it's not entirely clear at this point exactly what caused the fire. it is believed that it might have been caused by one of the lithium batteries on the dreamliner. that is an issue, because the dreamliner uses lithium im batteries to power onboard electronics. way back in 2007 the faa issued special rules for the use of lithium im batteries because of the concern of flammability risk involving those batteries. this is the fourth dreamliner incident involving its electronics, or losing power, since december 4th. look at this timeline. back on november 4th, united took its first domestic 787 flight, at the time there had been no reports. a month later, a united flight going to niewark to houston, experienced mechanical problems, reporting a loss of power. cutter airways a few days later had to ground one of its 787 jets for what it said was a faulty generator. the 14th of december, united grounded the second of th
the ntsb and boeing, a technical team from boeing, they're investigating the fire on the dreamliner. it was found in a compartment with batteries, and electrical components. it's not entirely clear at this point exactly what caused the fire. it is believed that it might have been caused by one of the lithium batteries on the dreamliner. that is an issue, because the dreamliner uses lithium im batteries to power onboard electronics. way back in 2007 the faa issued special rules for the use of...
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Jan 25, 2013
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what's going on in the ntsb lab, seeing the charred batteries from the 787 dreamliner that was the one that had to be put out in boston. well, now they still say they do not know the exact cause of the batteries catching fire. as for those batteries and one other component, the charger, the charger for the batteries built by a company called secureaplane, a plant out in tucson, arizona. back in 2006, there was a fire involving lithium ion batteries for the 787 at the secureaplane plant. a worker there warned the company about the batteries and the chargers and the possibility of fires. >> these lithium ion batteries, too much heat and they'll explode. it will be a nightmare. >> michael leon was dismissed from the company for repeated problems on the job. secureaplane told me yesterday the battery charger for the dreamliner was successfully tested. there was a fire in the facility in 2006 during one test. however, the current boeing 787 investigation is unrelated to the 2006 fire. take a look at shares of boeing, it is worth noting, we're showing you a chart going back to the 17th. that
what's going on in the ntsb lab, seeing the charred batteries from the 787 dreamliner that was the one that had to be put out in boston. well, now they still say they do not know the exact cause of the batteries catching fire. as for those batteries and one other component, the charger, the charger for the batteries built by a company called secureaplane, a plant out in tucson, arizona. back in 2006, there was a fire involving lithium ion batteries for the 787 at the secureaplane plant. a...
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Jan 11, 2013
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but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to sort it out. i agree with what jim cramer said, i'm in the same camp that said, why not do a derivative play on this story, if you have more risk maybe someone like spirit aero systems. >> at what point do you say this is the point of fear of investors are running? that's the time to get in the stock. we've seen that in different scenarios, that we don't know what we don't know, as you said. that is exactly the time you wanted to go in. what's going to make that turning point for you, do you think? >> well, i have to say, because there's a formal investigation, normally
but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to...
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Jan 8, 2013
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the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back on november 4th. just a month later united had a flight from houston to newark, it made an emergency landing in new orleans. after experiencing mechanical problems, a loss of power. qatar air on december 9th said it grounded one of its 737 -- or 787s because of a faulty generator. similar problem, loss of power in flight. and then on december 14th, united grounds two of its four dreamliners due to problems with an electrical panel and then finally, yesterday you have the emergency crews responding to a 787 fire at logan airport. now the dreamliner, and this is of particular concern to people, it
the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back...
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Jan 22, 2013
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meanwhile, here in the united states, the ntsb continues to look at the japan airline 787 battery, but in reverse of what we're seeing in japan, they say this battery was not overcharged. the investigators are in arizona today visiting the battery charger manufacturer. that is a company called secure a plane. it's a subsidiary of mega plc out of the uk. over the last couple of days, that's seen a little bit of pressure as well. what we're seeing is an investigation where they haven't been able to square up what happened in japan with what happened in boston, so as a result, they're going to start diving further into the components that go into the dreamliner, and are connected and work with the battery to see if they can find out exactly what went wrong. and then from there, they might have a better sense of how to correct the situation. guys, back to you. >> now, phil, because these two regulatory agencies on opposite sides of the ocean are seeing different things in their investigation. does that tell you that the investigation may be much longer than anticipated? >> well, yeah, it w
meanwhile, here in the united states, the ntsb continues to look at the japan airline 787 battery, but in reverse of what we're seeing in japan, they say this battery was not overcharged. the investigators are in arizona today visiting the battery charger manufacturer. that is a company called secure a plane. it's a subsidiary of mega plc out of the uk. over the last couple of days, that's seen a little bit of pressure as well. what we're seeing is an investigation where they haven't been able...
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Jan 9, 2013
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now, as i said, the fire at logan is a unique example and the ntsb is investigating but i think trying to connect this event to other events is pure speculation at this point. we don't have a lot of data. >> have you seen any sign that production might be interrupted, slowed down if, in fact, they have to address the things along the production line? >> none whatsoever. >> because as the journal points out today, you get paid upon delivery and worst-case scenario would begin to avoid cash flow if they were delayed. >> yeah. look, the central bull thesis for boeing shares is about the large amount of cash the company will generate over three or four rates and with the 787 ramping up to very high levels to meet customer demand. if we were to call in to question that cash flow, that weighs against the bull thesis. we don't have any data to suggest that will happen. the planes are still flying and i would say these sorts of teething problems are normal for new planes. we have them on the a-380 and we have to wait and see and we need more data and not calling in to question the long-term fu
now, as i said, the fire at logan is a unique example and the ntsb is investigating but i think trying to connect this event to other events is pure speculation at this point. we don't have a lot of data. >> have you seen any sign that production might be interrupted, slowed down if, in fact, they have to address the things along the production line? >> none whatsoever. >> because as the journal points out today, you get paid upon delivery and worst-case scenario would begin...
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Jan 22, 2013
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now today the ntsb investigators will be in arizona visiting the secure plane facilities. that is the company that makes the charger for the battery, as they continue to figure out what happened in this case. in both cases if you take a look at shares of boeing which are likely to be under pressure today as it's clear that this investigation is extended, becky and joe, the bottom line is this, you're looking for commonality in the two failed batteries. in one case they say it was overcharged. in another case they're saying it wasn't. that's looking more and more like an indication that they don't know exactly what happened here, and as a result, figuring out a solution is going to take a little longer than originally anticipated. >> phil, we were talking earlier about how the stock has started to break down a little bit out of that trading range where it had been earlier. >> right. and the thing you want to watch, becky, the thing you want to watch is when boeing, if boeing says we have to slow down our production schedule. because that's the key. once that happens, if tha
now today the ntsb investigators will be in arizona visiting the secure plane facilities. that is the company that makes the charger for the battery, as they continue to figure out what happened in this case. in both cases if you take a look at shares of boeing which are likely to be under pressure today as it's clear that this investigation is extended, becky and joe, the bottom line is this, you're looking for commonality in the two failed batteries. in one case they say it was overcharged....
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Jan 17, 2013
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we're waiting to see the results of the ntsb investigation to make a decision about what it all means. so frankly, we're saying to investors is, look, we can't say with any conviction level that there's a certain entry point where we want to jump in here and buy. what we want is more data. if you own boeing shares here, i think you hang on. i think the long-term outcome of this is that they will sort through the problems. you can see airbus this morning expressing confidence that they think boeing, their competitor will sort through the problems. but right now, you know, you're dealing with emotion and you're dealing with news flow, which is very hard for investors to forecast. >> there but for the grace of god for airbus. they're not going to crash airbus. >> look the safety of all things for airplane manufacturers, the one thing they can all agree within, the one thing they share data on, the one thing they're all committed to is safety. >> if it leaks out of the battery and has a weird smell, it's not a fire. >> yeah, that's really the important thing about what happened yesterday.
we're waiting to see the results of the ntsb investigation to make a decision about what it all means. so frankly, we're saying to investors is, look, we can't say with any conviction level that there's a certain entry point where we want to jump in here and buy. what we want is more data. if you own boeing shares here, i think you hang on. i think the long-term outcome of this is that they will sort through the problems. you can see airbus this morning expressing confidence that they think...
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Jan 25, 2013
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the ntsb trying to get to the bottom of an engineering mystery. remember, the faa allowed boeing to use lithium ion batteries. the light fuel-efficient plane is supposed to save airlines a ton of money on long-haul flights. no dreamliners in the air right now. boeing says we're working this issue tirelessly in cooperation with customers and the appropriate regulatory and investigative authorities. it is still a mystery. the ntsb laying out this charred battery,ingi reporters what they are digging into. >> richard quest is in davos. beautiful behind you. tell us about the presser? pretty remarkable. battery charred, on the table. >> oh. the pictures are absolutely remarkable of what the battery looked like and not only that but also the damage that took place to the electronics bay at the same time when that fire broke out. but the serious part in all of this is what the ntsb chairman debra herdsman said. she basically made it clear there had been a fire, sign of a thermal runaway this is when the battery starts getting so hot it keeps getting hott
the ntsb trying to get to the bottom of an engineering mystery. remember, the faa allowed boeing to use lithium ion batteries. the light fuel-efficient plane is supposed to save airlines a ton of money on long-haul flights. no dreamliners in the air right now. boeing says we're working this issue tirelessly in cooperation with customers and the appropriate regulatory and investigative authorities. it is still a mystery. the ntsb laying out this charred battery,ingi reporters what they are...
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Jan 24, 2013
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but the ntsb had no timetable as to how long this investigation will take. so, for now, all dreamliners will remain grounded, and that includes any test flights. wolf and kate? >> all right. sandra endo, thank you. i mean, these are huge airplanes. it affects a lot of passengers, as well. >> we'll stay on top of this story. that could be very, very important. >> yeah. >>> up next, jeanne moos has a new way to keep your pets, big pets, warm. and it will have you doing a double take. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in t
but the ntsb had no timetable as to how long this investigation will take. so, for now, all dreamliners will remain grounded, and that includes any test flights. wolf and kate? >> all right. sandra endo, thank you. i mean, these are huge airplanes. it affects a lot of passengers, as well. >> we'll stay on top of this story. that could be very, very important. >> yeah. >>> up next, jeanne moos has a new way to keep your pets, big pets, warm. and it will have you doing...
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Jan 25, 2013
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the ntsb says nothing like this is supposed to happen and it could have ended in disaster. all 787 dreamliners ground while investigators look at this problem. it is still a mystery about what's going wrong in the dreamliners. >>> check out this police chase in albuquerque. a man driving a stolen suv, he does a 360 degree. he is crisscrossing medians, going the wrong way. he nearly hit a school bus. also barely avoided some pedestrians. thankfully, no one was hurt. eventually pulled over and gave up. unbelievable. >> that was very smart. got out of the car and got down right away. >> there you go. >> thank you. appreciate that. it is 49 minutes past the hour. we're going to go overseas and take a look at the live pictures from cairo. protesters returned this morning. they are marking that two-year anniversary of their revolution there. the world was watching when thousands took to the square to protest what they called dire living conditions, corruption, and police brutality. it led to the overthrow of mu bar bar hosni mubarak. how much has changed there? we have a reporter
the ntsb says nothing like this is supposed to happen and it could have ended in disaster. all 787 dreamliners ground while investigators look at this problem. it is still a mystery about what's going wrong in the dreamliners. >>> check out this police chase in albuquerque. a man driving a stolen suv, he does a 360 degree. he is crisscrossing medians, going the wrong way. he nearly hit a school bus. also barely avoided some pedestrians. thankfully, no one was hurt. eventually pulled...
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Jan 26, 2013
01/13
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. >> reporter: piece by piece inside this ntsb lab in washington, analysts are dissecting the charred battery which caught on fire in a boeing 787 dreamliner earlier this month in boston. >> we know that the lithium ion battery experienced a thermal runaway. we no that there were short circuits, and we know that there was a fire. >> reporter: the faa gave special permission to boeing, allowing the use of these light weight batteries only if safety measures were installed to prevent overheating. >> we do not expect to see fire events on board aircrafts. there are multiple systems to protect against a battery event like this. those systems did not work as intended. we need to understand why. >> reporter: the investigation was launched after two 787s this month experienced issues surrounding the jet's unique use of lithium ion batteries. fais battery behind the wings of a japan airlines 787 exploded and caught fire while on the ground in boston. initial tests rule out excess voltage and overcharging. another battery problem, this one near the cockpit of an all nippon airways dreamliner l
. >> reporter: piece by piece inside this ntsb lab in washington, analysts are dissecting the charred battery which caught on fire in a boeing 787 dreamliner earlier this month in boston. >> we know that the lithium ion battery experienced a thermal runaway. we no that there were short circuits, and we know that there was a fire. >> reporter: the faa gave special permission to boeing, allowing the use of these light weight batteries only if safety measures were installed to...
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now, the ntsb plans to interview crew members tomorrow. the owner of the company apologized, expressing sympathy and concern for all those people who were injured in the very, very scary accident this morning. >> yeah, very scary. >> wolf? >> and the investigation only just beginning. kate -- kate? mary, thanks very much. kate balduan is here, watching some other stories we're watching as well. >> the gun control debate, that's one thing, for sure, wolf. the gun divide is one of the deepest in the u.s., evoking strong passions on both sides of this debate. and today, the vice president held a meeting. this is part of a series of meetings, part of a task force, put together in the wake of the massacre in newtown, connecticut. and vice president biden says there will be action with or without congress once these meetings are done. cnn white house correspondent brianna keilar has more details on the meeting. >> reporter: vice president joe biden says president obama is serious about addressing gun violence. so serious that he'll go around con
now, the ntsb plans to interview crew members tomorrow. the owner of the company apologized, expressing sympathy and concern for all those people who were injured in the very, very scary accident this morning. >> yeah, very scary. >> wolf? >> and the investigation only just beginning. kate -- kate? mary, thanks very much. kate balduan is here, watching some other stories we're watching as well. >> the gun control debate, that's one thing, for sure, wolf. the gun divide...
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Jan 24, 2013
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ntsb's michael boyd tells us he's never seen an investigation like this. where the faa says a plane is safe and then grounds it. he says the faa has egg all over its face. >>> it's been 538 days since the country lost its top credit rating. what are we doing to get it back? the imf says the economy will grow by 2% this year but, you know what, that's not really very good, and the u.s. needs to work on entitlement reform. >>> our next story "outfront. "women on the front line. a ground-breaking decision from the pentagon. cnn has learned that defense secretary leon panetta will announce a lift on the ban against women serving in combat positions. this is pretty incredible. this move, to give you a sense of the significance, could open up 230,000 frontline jobs to women in the military. "outfront" tonight, rosa brooks, a columnist for foreign policy and has worked in the pentagon under the obama administration and david frum, former speech writer for george w. bush and a contributor for us. rosa, right now, 50% of active duty personnel are women. they're not
ntsb's michael boyd tells us he's never seen an investigation like this. where the faa says a plane is safe and then grounds it. he says the faa has egg all over its face. >>> it's been 538 days since the country lost its top credit rating. what are we doing to get it back? the imf says the economy will grow by 2% this year but, you know what, that's not really very good, and the u.s. needs to work on entitlement reform. >>> our next story "outfront. "women on the...
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Jan 25, 2013
01/13
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seriousness of the situation, remembering of course that the faa has grounded the planes, listen to the ntsb's chairman who talks about how serious this incident now is. >> this is an unprecedented event. we are very concerned. as i mentioned in the beginning, we do not expect to see fire events onboard aircraft. this is a very serious air safety concern the faa has taken very serious action. >> reporter: and that, of course, feeds into how detailed and difficult it is going to be to actually put this problem right. they just don't know. >> richard, what are people saying there? do they think the dreamliner will be able to survive? >> reporter: i talked to one senior aviation official, international aviation official here. i asked exactly that question. yes is the short answer because we've seen it with the dc 10 and concord and other cases. what they have to do is find out what's wrong and put it right. the difficulty is the time and the expense in doing it. if it was a mature aircraft, that would be even a greater question. since it's a brand new plane with 800 orders still or 750 still to b
seriousness of the situation, remembering of course that the faa has grounded the planes, listen to the ntsb's chairman who talks about how serious this incident now is. >> this is an unprecedented event. we are very concerned. as i mentioned in the beginning, we do not expect to see fire events onboard aircraft. this is a very serious air safety concern the faa has taken very serious action. >> reporter: and that, of course, feeds into how detailed and difficult it is going to be...
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Jan 10, 2013
01/13
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. >> ntsb investigators on the scene of a new york ferry crash. this ferry slammed into a pier in lower manhattan, throwing passengers around lying rag dolls. 85 people were injured in this crash. one critically. >>> overseas, large parts of the middle east feeling the effects of a powerful winter storm that brought snow and severe flooding. it stretches from jordan and israel into lebanon and turkey. the worst of the storm may be felt in syria where thousands displaced by the several war are in refugee camps dealing with flooding and bitter cold. very closely watching that storm this morning in the middle east. >>> thanks. it is now 18 minutes past the hour. time for "early reads" your local news making national headlines. starting with the newark star ledger, sort of tony soprano's home paper. he said some italian-americans are upset at the "time" magazine cover which shows chris christie mugshot pose. even christie suggested it made him look like a mob boss. "time" magazine is owned by the parent company of this network. >>> this from the "seat
. >> ntsb investigators on the scene of a new york ferry crash. this ferry slammed into a pier in lower manhattan, throwing passengers around lying rag dolls. 85 people were injured in this crash. one critically. >>> overseas, large parts of the middle east feeling the effects of a powerful winter storm that brought snow and severe flooding. it stretches from jordan and israel into lebanon and turkey. the worst of the storm may be felt in syria where thousands displaced by the...
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Jan 17, 2013
01/13
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plane's batteries in ten days have left the faa with no choice but to ground the dreamliner, while the ntsb analyzes the charred evidence from last week's 787 fire. lithium batteries are smaller and more powerful, but can overheat. >> when they're used normally, and the energy is released slowly, as it's supposed to, batteries have a very good safety record. but if that same energy is released very rapidly, the battery cells will vent, release their contents, and have the potential both for fire and explosion. >> reporter: boeing needed special faa approval to allow the dreamliner to use lithium batteries for key electrical systems. >> they have narrowed it down to the battery system on this aircraft. we've had two events, and so, therefore, they're going to now be able to look at it a little bit more in detail and figure out what's going on. >> boeing's european archrival, airbus, uses lithium batteries only for emergency lighting in their air-380. but airbus' plane of the future, the air-350, due out by the end of next year, relies on them more heavily. the company says there are no plans
plane's batteries in ten days have left the faa with no choice but to ground the dreamliner, while the ntsb analyzes the charred evidence from last week's 787 fire. lithium batteries are smaller and more powerful, but can overheat. >> when they're used normally, and the energy is released slowly, as it's supposed to, batteries have a very good safety record. but if that same energy is released very rapidly, the battery cells will vent, release their contents, and have the potential both...
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Jan 29, 2013
01/13
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the ntsb is investigating what happened. he says really it was a matter of minutes before that rescue could have turned into a recovery. wolf? >> they are both very, very lucky indeed. mary, thanks for that report. appreciate it very much. they are. >> so lucky. that instructor, what a hero in trying to get out of that plane. >> amazing. >> oh, my god. i have goosebumps thinking about how cold that water is. oh, my goodness. very, very lucky. >>> still ahead, here's a question for you. what do doughnuts and marriage proposals have in common? ponder that one. jeanne moos will have that next. ♪ good morning, turtle. ♪ my friends are all around me ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> fair warning, friends. look away now if you are afraid of heights. that is nick wallenda keeping up his family tradition of d
the ntsb is investigating what happened. he says really it was a matter of minutes before that rescue could have turned into a recovery. wolf? >> they are both very, very lucky indeed. mary, thanks for that report. appreciate it very much. they are. >> so lucky. that instructor, what a hero in trying to get out of that plane. >> amazing. >> oh, my god. i have goosebumps thinking about how cold that water is. oh, my goodness. very, very lucky. >>> still ahead,...
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Jan 9, 2013
01/13
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the ntsb is on site. and if this sounds at all familiar, you might remember back in october of 2003, the staten island ferry missed its dock and hit a maintenance pier, in fact, and 11 people were killed. 70 people were injured in that ferry accident in new york as well. so we're going to keep an eye on that. >>> and we've got another story for you, a head scratcher, honestly. in california, a convicted rapist got his sentence overturned all because of a law that was written just a few years after the civil war, a law that had been on the books since 1872, and a law that protects rapists who impersonate the boyfriends of unmarried women. apparently back then, it was really only considered an offense if the rapist impersonated a married woman's husband. the single ladies were just out of luck. so here we are 2013, why do you suppose a law like that would still be on the books today? it seems insane, right? the simple answer is overcrowding in the jails. more complicated, however, how to clean up this disas
the ntsb is on site. and if this sounds at all familiar, you might remember back in october of 2003, the staten island ferry missed its dock and hit a maintenance pier, in fact, and 11 people were killed. 70 people were injured in that ferry accident in new york as well. so we're going to keep an eye on that. >>> and we've got another story for you, a head scratcher, honestly. in california, a convicted rapist got his sentence overturned all because of a law that was written just a few...